Browsing FREDS Research Publications by Author "May, Anthony D."

Now showing items 1-3 of 3

Corporate liquidity and the contingent nature of bank credit lines: Evidence on the costs and consequences of bank default

May, Anthony D. (Elsevier B.V., 2014-12)

I study the impact of Lehman Brothers' bankruptcy and resultant inability to honor its obligations as a lender under committed credit lines. Firms that lost access to a credit line committed by Lehman Brothers experienced ...
Prestige without purpose? Reputation, differentiation, and pricing in US equity underwriting

Fernando, Chitru S.; Gatchev, Vladimir A.; May, Anthony D.; Megginson, William L. (Elsevier B.V., 2015-06)

Clustering of IPO underwriting spreads at 7% poses two important puzzles: Is the market for U.S. equity underwriting services anti-competitive and why do equity underwriters invest in reputation-building? This study helps ...
The value of investment banking relationships: Evidence from the collapse of Lehman brothers

Fernando, Chitru S.; Megginson, William L.; May, Anthony D. (John Wiley and Sons, 2012-02)

We examine the long-standing question of whether firms derive value from investment bank relationships by studying how the Lehman collapse affected industrial firms that received underwriting, advisory, analyst, and ...